New Data Brief and Data Tables: “U.S. Universities Report Continuing Decline in Federal R&D Funding in FY 2014”
New data brief and data files from the National Science Foundation (NSF) released today.
Federal funding of higher education research and development failed to outpace inflation for the third straight year, according to data from the National Science Foundation’s (NSF’s) Higher Education Research and Development (HERD) Survey. When adjusted for inflation, federal funding for higher education R&D declined by 5.1% between FY 2013 and FY 2014 and has fallen over 11% since its peak in FY 2011. This is the longest multiyear decline in federal funding for academic R&D since the beginning of the annually collected data series in FY 1972.
Overall, universities reported current dollar R&D expenditures of $67.3 billion in FY 2014, a 0.2% increase from the FY 2013 total of $67.1 billion. This total represents the reported totals of 895 degree-granting institutions that spent at least $150,000 in R&D in the previous fiscal year. The remainder of this InfoBrief will focus on the 634 institutions included in the full version of the HERD Survey (standard form) that reported at least $1 million in R&D during their previous fiscal year and that accounted for 99.8% of the total R&D expenditures reported in FY 2014.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.